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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a brutal civil war that's killed an estimated 30,000 people since march of last year. for more on this potentially explosive situation along the border, we turn to nbc's amon. he's live on the phone from turkey. reset this story for us, if you would, this morning. what happened initially, and where are we now? >> reporter: well, it began on wednesday afternoon when the syrian military essentially fired on this town that was on the syrian side of the border, but according to some, they overshot. one of the mortars landed in the turkish town
that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing yourself on the pledges that romney has made to reduce tax rates across the board by 20% eliminating the alternative minimum tax and erasing the federal estate tax is to eliminate deductions that will inevitably touch the middle class. the romney folks say the obama campaign and tax policy center created a strawman. the problem is the romney campaign hasn't created their own and responded with any detail on how they would do it. it becomes impossible at least politically once you account for the pledge handcuffs that romney has made. while the president didn't fully acknowledge he cam
level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing...
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any kind, an income tax increase. if you're going to have any kind of a long-term deal, a long-term dif set deal, which is what everybody -- not everybody, but a lot of people on both sides who say this is what they want. if you're going to, it will include a tax component on the wealthy. >> if obama campaigns on that and wins and if democrats hold the senate and make gains in the house, that could ratchet up pressure on republicans to make some kind of deal. otherwise, you have the other thing. it's a myth that nothing is going to happen in the lame duck, because if they take democrat off and congress doesn't show up, a lot will happen. december 31st, the expiration of the bush tax cuts. they go away if nothing happens. something ahas to happen. >> i find it extremely rich to hear john boehner talking about we can't do anything because for almost four years the gop strategy of obstruction has been to keep anything from happening. anything that obama wants, anything he's interested in, we must stop that and keep it fr
any kind, an income tax increase. if you're going to have any kind of a long-term deal, a long-term dif set deal, which is what everybody -- not everybody, but a lot of people on both sides who say this is what they want. if you're going to, it will include a tax component on the wealthy. >> if obama campaigns on that and wins and if democrats hold the senate and make gains in the house, that could ratchet up pressure on republicans to make some kind of deal. otherwise, you have the other...
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with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all the folks say, and interview after interview say we want specifics of how these loopholes will close and how you will pay for $5 trillion in tax cuts, are we going to hear it tonight? >> i think what you will hear from governor romney is the same thing we heard from president reagan in 1986. in 1986, the last time we undertook substantial tax reform, president reagan or ticklated -- articulated his principles. he laid out the broad guideline and gue him in his negotiation with congress. we did something great for the american people back then. we pushed down rates. that created economic expansion. that
with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all...
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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. >> he was dishonest when he said he never proposed $5 trillion in tax cuts, that was dishonest. you said on the broadcast to 70 million americans, i will repeal obama care, but i will still be able to cover people with pre-existing conditions. ten minutes after the debate sent he someone into the pressroom to say he really didn't mean that. >> reporter: ed gillespie, cop adviser of the romney campaign, eshlsly accusing the obama campaign of being sore losers on abc this morning. he compared them to 7-year-olds that lost the checkers game and cleared the board off the table. fredricka. >> let's talk about the president's plans. he'll be returning to ohio. he spent a lot of time in that swing state feeling that it's particularly vital, much more vital than other swing states like, say, florida? >> reporter: it really is. i mean, in order to win the white house, you really have to be able to win ohio. this is key for the president. i've said this now for quite some time. if you want to know the states critical it to winning the white house or regaining the white house, look at the
. >> he was dishonest when he said he never proposed $5 trillion in tax cuts, that was dishonest. you said on the broadcast to 70 million americans, i will repeal obama care, but i will still be able to cover people with pre-existing conditions. ten minutes after the debate sent he someone into the pressroom to say he really didn't mean that. >> reporter: ed gillespie, cop adviser of the romney campaign, eshlsly accusing the obama campaign of being sore losers on abc this morning....
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tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim lehrer tomorrow night is going to demand specifics in the way chris wallace tried to do last week on fox. and i also think that the numbers are emblematic of values in this case. people want to know about mitt romney. they're undecided. i disagree with chuck a little bit. i think people are prepared to blame the president enough to dismiss him if, as chuck says, they are secure about romney. it's that last piece that romney hasn't done, and forcing him to discuss the details of his tax plan is not a way necessarily to win those undeci
tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim...
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first is the tax reform. fundamental tax reform across the board which is going to help americans put more money in their pockets for those middle class americans that do a lot of the spending in this country and i think they need it the most. >> will governor romney explain? >> on issues like health care, those are also issues that the governor will address comprehensively and talk about the specifics of how it would help households keep more money and going to help grow the entire economy. >> kevin, excuse me, sorry, didn't mean to interrupt you. >> no worries, sorry. >> will governor romney tomorrow night in denver explain exactly which deductions he would get rid of to make up for the tax cuts that he's offered? >> well, i think it's very hard in a debate to go through a negotiation, particularly when you look at broadening the tax base you're going to have to do it with congress. it's hard to get into those details. he will talk about the fundamental principles that he has with regards to tax form, helpi
first is the tax reform. fundamental tax reform across the board which is going to help americans put more money in their pockets for those middle class americans that do a lot of the spending in this country and i think they need it the most. >> will governor romney explain? >> on issues like health care, those are also issues that the governor will address comprehensively and talk about the specifics of how it would help households keep more money and going to help grow the entire...
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these types of restrictions are like poll taxes and literacy tests. we need to fight back and keep on fighting back. we're very glad for the victory in pennsylvania but we hope that the justices around the country will change their mind. >> ben, you're in a hero's role in all this. i appreciate anything you do in for our country. i want to ask you something. this seems to be hand in glove with the same kind of dog whistle stuff they're doing to white working class voters. get them upset about welfare and food stamps so you get the blacks so they can't vote and the whites angry at the blacks so they'll vote republican. it does seem like a two-pronged effort. >> no, that's right. and, you know, race has really been injected into this race in ways that are really insidious, and when you hear somebody talk about folks are too lazy and knowing who he's talking about are single moms who are raising kids, who are working, who may number a county where there's no d.o.t. or in a county where the d.o.t. is open one day or may are a boss that if they have to go
these types of restrictions are like poll taxes and literacy tests. we need to fight back and keep on fighting back. we're very glad for the victory in pennsylvania but we hope that the justices around the country will change their mind. >> ben, you're in a hero's role in all this. i appreciate anything you do in for our country. i want to ask you something. this seems to be hand in glove with the same kind of dog whistle stuff they're doing to white working class voters. get them upset...
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. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is the math? and is mitt romney going to be under pressure in this debate to produce the specifics as to how it will all add up? >> well, andrea, first that's a laughable question. where's the president's plan? he's had four years, 23 million people don't have work. so let's start with that. >> the question was asked by -- the question was asked by chris wallace on fox, being asked by other republicans, where is the math, how do you add up those tax cuts, even eliminating some deductions, which deductions would you eliminate, let's be specific and how will you do that and reach deficit reduction, which programs wil
. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is the math? and is mitt romney going to...
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. >> i think he was dishonest, absolutely, when he said he never proposed $5 trillion in tax cuts. that was dishonest. he said on the broadcast to 70 million americans, i will repeal obama care but i will still be able to cover people with pre-existing conditions and ten minutes after the debate he sent someone into the press room to say he really didn't mean that. >> reporter: now, ed gillespie, one of mitt romney's top advisers, suggested that the obama campaign was a sore loser. he suggested that they were acting like 7-year-olds who had lost a checkers game and had cleared the entire board off the table, don. >> yeah, no one -- none of them answer the question, at least i didn't hear b why the president didn't say what they're saying now in these interviews, why he didn't do it at the time, and that's the big question. thank you, dan lothian, in los angeles. >>> in four days the vice presidential candidates will go head to head. their job as one strategist put it, do no harm. >> i can see my wife, and i think she's thinking, gee, i wish he had go out to the private sector. >> i
. >> i think he was dishonest, absolutely, when he said he never proposed $5 trillion in tax cuts. that was dishonest. he said on the broadcast to 70 million americans, i will repeal obama care but i will still be able to cover people with pre-existing conditions and ten minutes after the debate he sent someone into the press room to say he really didn't mean that. >> reporter: now, ed gillespie, one of mitt romney's top advisers, suggested that the obama campaign was a sore loser....
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the next six weeks, and over and over again you're going to hear my opponents talk about how bigger tax cuts, fewer regulations, that's the way to go. and since government can't do everything it should do almost nothing. they're making -- if you can't afford health care, then hope you don't get sick. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all our problems but government's not the source of all our problems, either. there's some things we've got to do together. we -- instead of going around blaming somebody, unions or immigrants or gays or somebody, for what's going on, what we need to do is pull together. we're all in this together. we believe that america only works when we all accept responsibility for ourselves, and for each other. that's how we- >> and mr. obama will be on the road through wednesday's first presidential debate. mitt romney heads to colorado tomorrow, where he'll hold a rally, and continue his preparations for wednesday's showdown in denver. he went to church this morning o
the next six weeks, and over and over again you're going to hear my opponents talk about how bigger tax cuts, fewer regulations, that's the way to go. and since government can't do everything it should do almost nothing. they're making -- if you can't afford health care, then hope you don't get sick. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all our problems but government's not the source of all our...
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. >> the term has been more than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action, same-sex marriage, voting rights and abortion are all likely to come up this term which kicks off monday. >> there's some very exciting cases already on the docket. there's a lot more in the pipeline that may -- the courts could be making a decision on soon. >> reporter: another set of big decisions will bring even more scrutiny on the chief justice. rumors surfaced that the health care ruling he authored caused a personal rift with fellow conservative colleagues including justice antonin scalia. >> no. i haven't had a falling out with justice roberts. >> no words exchange
. >> the term has been more than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action,...